International mutual fund returns moderate over a month; here's what changed and which funds are still open for investment
A month-on-month comparison shows trailing one-year returns have moderated across most international mutual funds, while investment options remain limited.
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International mutual funds have had a strong run over the past year, but many of them aren’t showing the same eye-catching one-year returns they were just a month ago.
A comparison of returns as on July 7, 2026, with those reported on June 2, 2026, shows that 46 of the 51 international mutual funds we analysed reported lower trailing one-year returns. In fact, 28 schemes saw their one-year returns fall by more than 10 percentage points, while 10 funds recorded a decline of over 20 percentage points.
The change has been visible across a wide range of international themes, from Taiwan and electric vehicles to mining, clean energy, emerging markets and US-focused funds. If you’ve been tracking international fund returns over the past few months, chances are the numbers you’re seeing today look quite different from what they did in early June.
Biggest changes in one-year returns over the past month
The biggest change was seen in Nippon India Taiwan Equity Fund. Its trailing one-year return dropped by 71.67 percentage points, from 226.30 percent on June 2 to 154.63 percent on July 7.
The next biggest moderation came from Mirae Asset Global Electric & Autonomous Vehicles Equity Passive FoF, whose one-year return fell by 45.36 percentage points over the same period.
The biggest changes weren’t limited to just one part of the world. Funds investing in Taiwan, electric vehicles, mining, clean energy, emerging markets and US equities all featured among the schemes whose reported one-year returns moderated the most over the past month.
Which international funds can investors still buy?
Finding an international mutual fund to invest in has become harder than before.
As of July 10, investors can still invest in nine international schemes, but that window is about to become even smaller. Edelweiss Mutual Fund has announced that it will suspend fresh SIP and STP registrations across all its overseas schemes from the close of business on July 10, 2026. This means the six Edelweiss schemes listed below will be available for fresh SIP registrations only until the end of the day.
Among the schemes that are currently available, Edelweiss Emerging Markets Opportunities Equity Offshore Fund has delivered the highest one-year return at 64.56 percent. It is followed by Edelweiss Greater China Equity Offshore Fund with 51.44 percent and Franklin Asian Equity Fund with 46.99 percent.
If you’re planning to add international exposure, don’t just compare returns. It’s equally important to check whether the fund is still accepting fresh investments. After the market closes on July 10, the list of international mutual funds open for new SIPs will become even shorter.
Disclaimer: The views and investment tips expressed by experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.